Intel, Not Apple, Is Rumored To Have Purchased Basis Science

Basis Science, maker of the Basis Health Tracker Watch, has been acquired by Intel for a price somewhere in the region of $100 to $150 million. Though nothing has been confirmed officially (as of this writing), a recent report cites details provided by reliable sources.

We had wondered if Apple or Google might have taken the plunge and purchased Basis Science, back when news of a potential acquisition first surfaced online. Samsung and Microsoft were also rumored to have been interested in purchasing Basis, though at the time we heard that a price somewhere in the “sub-hundred million category” had been set on the company.

Now, in a recent report from TechCrunch it's claimed that Intel has purchased Basis Science, however sources are disagreeing on the price. One claims $100 million, while another argues that $150 million will be paid for Basis; either way, it's more than the “sub-hundred million” figure we'd previously expected.

Basis Science holds seven percent of the market with its Basis Health Tracker Watch, and the device has been said to provide the most accurate readings of all major fitness trackers. But this doesn't mean Intel is going to dive head-first into the consumer electronics industry, as TechCrunch explains:

Intel likely doesn’t have aspirations to compete in the consumer electronic marketplace; the company wants to sell chipset platforms. But by acquiring Basis, it gains access to a team that has built one of the most powerful and comprehensive wearables to date, which it then can set upon its own designs.